Paxos


Finance

Blockchain Financial Services Firm Paxos Sets Withdrawal From Canada

The company joins others that have decided to depart from the country in the face of increased regulatory requirements.

Paxos CEO Charles Cascarilla (Danny Nelson/CoinDesk)

Markets

Tokenized Gold Surpasses $1B in Market Cap as Physical Asset Nears All-Time Price High

This a type of stablecoin pegs its price to gold, while the tokens on the blockchain represent ownership of physical gold managed by the issuer.

All but one of the recently launched spot bitcoin exchange-traded funds (ETF) charge a lower fee than the largest gold ETF, making them a cheaper investment into a gold-like asset. (Unsplash)

Finance

Binance Depositors Flee Following CFTC Charges, On-Chain Data Shows

Crypto users have withdrawn roughly $400 million on Ethereum from Binance in the past 24 hours, while Paxos, issuer of the Binance USD, has burned more than $155 million BUSD in the past four hours.

(Danny Nelson/CoinDesk)

Videos

Stablecoins Explained: 3 Things You Need to Know

Stablecoins are meant to provide a predictable haven within the volatile world of cryptocurrency. Former Paxos Head of Portfolio Management and Columbia Business School Adjunct Professor Jesse Austin Campbell explains the use cases and risks you need to know about this type of cryptocurrency.

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Videos

Crypto Bank Silvergate Shutdown: 3 Key Takeaways

The crypto meltdown has claimed its first big casualty in the mainstream financial system. California-based Silvergate Bank plans to "voluntarily liquidate" its assets and wind down operations. Here are three key things to know about the company’s unwinding and what it means for the crypto industry and beyond.

CoinDesk placeholder image

Videos

Silvergate Bank's Collapse Explained

Former Paxos Head of Portfolio Management and Columbia Business School Adjunct Professor Jesse Austin Campell joins “All About Bitcoin” to discuss the circumstances that caused the collapse of Silvergate Bank and what the liquidation process means for its customers. Plus, insights on how Signature Bank may be impacted by the fallout of its biggest competitor.

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Finance

Crypto Stakeholders Say No Exposure to Shuttered Silvergate

Binance, Coinbase, OKX, and Paxos have all released statements regarding their exposure to Silvergate.

(CoinDesk)

Markets

Binance USD Stablecoin Market Cap Falls Below $10B After Coinbase Delisting

Liquidity is deteriorating for Binance USD as crypto investors have redeemed some $7 billion of tokens from issuer Paxos since regulators ramped up pressure on the stablecoin.

Binance Logo (Danny Nelson/CoinDesk)

Videos

Bitcoin Holds Above $23K Amid Silvergate Exodus

Bitcoin is trading at around $23,400, as the largest token by market capitalization remains relatively unfazed by a number of crypto firms, including Coinbase and Paxos, ending their relationship with crypto-focused bank Silvergate. VanEck Head of Digital Assets Research Matthew Sigel joins "All About Bitcoin" with his reaction to the latest developments and why it resembles "friction between crypto on-ramps and off-ramps."

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